Tesla Inc. (NASDAQ:TSLA) received a $265.00 target price from equities research analysts at Sanford C. Bernstein in a research note issued on Thursday. The firm presently has a “neutral” rating on the electric vehicle producer’s stock. Sanford C. Bernstein’s target price suggests a potential downside of 20.77% from the company’s previous close.

A number of other brokerages have also weighed in on TSLA. Zacks Investment Research upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $345.00 price target for the company in a report on Tuesday, April 25th. Vetr lowered shares of Tesla from a “sell” rating to a “strong sell” rating and set a $277.96 price target for the company. in a report on Tuesday, May 9th. Deutsche Bank AG reiterated a “hold” rating and set a $240.00 price target on shares of Tesla in a report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $180.00 price target (down from $190.00) on shares of Tesla in a report on Wednesday, July 5th. Finally, FBN Securities upped their price target on shares of Tesla from $275.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, April 3rd. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $301.57.

Shares of Tesla (TSLA) traded down 2.73% on Thursday, hitting $334.46. 8,268,759 shares of the company’s stock were exchanged. The firm’s market cap is $54.94 billion. Tesla has a 12 month low of $178.19 and a 12 month high of $386.99. The stock’s 50 day moving average is $350.01 and its 200 day moving average is $298.69.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) EPS for the quarter, missing the consensus estimate of ($0.67) by $1.30. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.56 billion. On average, equities analysts predict that Tesla will post ($5.99) earnings per share for the current year.

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In related news, Director Robyn M. Denholm sold 20,000 shares of Tesla stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $311.76, for a total value of $6,235,200.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at $6,235,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 4,690 shares of Tesla stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $367.68, for a total value of $1,724,419.20. Following the completion of the sale, the director now owns 166,164 shares of the company’s stock, valued at $61,095,179.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 242,290 shares of company stock valued at $74,919,505. Corporate insiders own 23.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TSLA. Advisors Asset Management Inc. raised its stake in shares of Tesla by 0.6% in the third quarter. Advisors Asset Management Inc. now owns 860 shares of the electric vehicle producer’s stock worth $175,000 after buying an additional 5 shares during the last quarter. Parsons Capital Management Inc. RI raised its stake in shares of Tesla by 0.5% in the third quarter. Parsons Capital Management Inc. RI now owns 1,282 shares of the electric vehicle producer’s stock worth $262,000 after buying an additional 6 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Tesla by 0.6% in the second quarter. Synovus Financial Corp now owns 1,390 shares of the electric vehicle producer’s stock worth $293,000 after buying an additional 8 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after buying an additional 9 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in shares of Tesla by 2.3% in the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 63.78% of the company’s stock.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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